Equities

City Financial has unveiled a Japan fund for manager Peter Nicholas and re-shuffled its Asian equities desk as it continues to expand.

Sanlam Private Investments (SPI) is launching a global equity fund as well as a fund providing investors with an alternative to cash as it moves to broaden its range of retail mandates.

HSBC is weighing up floating its UK arm, according to reports, ahead of new rules that demand banks ringfence their retail banking operations.

Bob Diamond, the former boss of Barclays who left in disgrace last year after the bank admitted its role in rigging Libor rates, is reportedly close to making a comeback with a new bank venture.

Ian Ormiston, manager of the Ignis European Smaller Companies fund, has benefited from the rally in European stocks this year and has revealed the top themes driving returns in his portfolio.

US treasury yields have jumped and US futures have fallen after the second reading of US GDP growth for Q3 saw a large upward revision.

The government's stake in part-nationalised lender Lloyds Banking Group is to be offered to the public, the government said today.

Exposure to New Zealand caused the £4.4bn Newton Asian Income fund to significantly underperform its peers in November, as unexpected political risks rocked the local market.

As Britain has laboured to escape recession, we have heard a common complaint from critics of industrial and economic policy: "Where are Britain's ‘Mittelstand' companies?"

GLG's new hire Henry Dixon has said the FTSE 100 still offers investors more than 10% upside from here, despite the impressive rally it has already seen.